Why You Need to Start Monitoring Your Credit Score Today.

Your credit score: a three-digit number that lenders use to help them assess whether or not to extend a loan or line of credit to a potential borrower. It’s important, but knowing that a credit score is important isn’t the same as knowing why or how it’s calculated, why it changes or what you can do to improve it.

Don’t worry! The first thing to understand is that your credit score is a numerical summary of your credit history, based on the information that is available in your credit report. Be aware that, generally, a score above 700 is positive, while a score below 550 is negative, according to CreditSesame.com.